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S. 4097 Senate Education

State-Based Education Loan Awareness Act

Calendars and Scheduling
Introduced
Mar 16, 2026
Sponsor
Sen. Murkowski, Lisa (R-AK)
View on Congress.gov

STAGE 3 OF 8 — CALENDARS AND SCHEDULING

Currently in the Senate. Last action: placed on senate legislative calendar under general orders. calendar no. 539 on Aug 4, 2026.

  1. Senate Introduced in Senate Mar 16, 2026
  2. Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Mar 16, 2026
  3. Senate Committee on Health, Education, Labor, and Pensions. Hearings held. Mar 19, 2026
  4. Senate Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably. Jul 30, 2026
  5. Senate Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report. Aug 4, 2026
  6. Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 539. Aug 4, 2026

Cosponsors

6

Subjects

Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesState and local government operationsStudent aid and college costs

Committees

  • Health, Education, Labor, and Pensions Committee
    • [Reported By, Aug 4, 2026]
    • [Markup By, Jul 30, 2026]
    • [Hearings By (full committee), Mar 19, 2026]
    • [Referred To, Mar 16, 2026]

Summary

State-Based Education Loan Awareness ActThis bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement.A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender.The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.

[Summary as of: Introduced in Senate]

Bill Text

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